ING Groep NV Raises Holdings in Elastic N.V. $ESTC

ING Groep NV grew its holdings in Elastic N.V. (NYSE:ESTC) by 37.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,100 shares of the company’s stock after buying an additional 100,700 shares during the quarter. ING Groep NV owned about 0.35% of Elastic worth $31,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AXQ Capital LP purchased a new position in shares of Elastic in the 2nd quarter valued at about $419,000. Geode Capital Management LLC grew its position in Elastic by 3.6% during the second quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock worth $132,384,000 after buying an additional 54,812 shares during the period. Mackenzie Financial Corp increased its holdings in Elastic by 622.2% in the second quarter. Mackenzie Financial Corp now owns 77,005 shares of the company’s stock valued at $6,494,000 after buying an additional 66,342 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Elastic by 102.3% in the second quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company’s stock valued at $39,152,000 after buying an additional 234,735 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Elastic by 147.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 57,690 shares of the company’s stock valued at $4,865,000 after acquiring an additional 34,336 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Insider Transactions at Elastic

In other Elastic news, CTO Shay Banon sold 4,552 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $341,627.60. Following the completion of the transaction, the chief technology officer directly owned 4,359,228 shares in the company, valued at approximately $327,160,061.40. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ken Exner sold 6,544 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $491,127.20. Following the transaction, the insider directly owned 227,038 shares in the company, valued at approximately $17,039,201.90. This represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 61,828 shares of company stock worth $4,641,010 in the last three months. 12.70% of the stock is currently owned by company insiders.

Elastic Trading Up 3.5%

Elastic stock opened at $63.47 on Wednesday. The stock has a 50-day moving average price of $72.73 and a 200 day moving average price of $79.80. Elastic N.V. has a 52 week low of $56.69 and a 52 week high of $118.46. The stock has a market cap of $6.69 billion, a PE ratio of -61.62, a P/E/G ratio of 249.48 and a beta of 0.93. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The company had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Equities research analysts predict that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on ESTC. Cantor Fitzgerald lowered their price target on Elastic from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Citigroup lowered their target price on Elastic from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, November 24th. DA Davidson dropped their price target on Elastic from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. UBS Group decreased their price objective on shares of Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Finally, Jefferies Financial Group lowered their price objective on shares of Elastic from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Elastic has a consensus rating of “Moderate Buy” and an average price target of $104.88.

About Elastic

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.